MEXICO – Proteak, Mexico’s largest forestry company, reported its results for the second quarter of 2024 (2Q-2024).
In 2Q24, imports continue to show a significant increase in the Mexican MDF market, those from Brazil and Chile with a slight decrease compared to the same period of 2023, however, those from China reflect a 12% increase compared to the previous year.
The market share of natural MDF stood at 20% and the value-added share fell to 25%, as imports of melamine and natural MDF continued to rise, which means a greater supply in the Mexican market and a decrease in the share of domestic producers.
Proteak’s decrease in sales had a considerable impact on the companies bottom line.
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